12 July 2019 - The Global Sponge and Scouring Pads Market is expected to display higher growth rate over the next five years. Rapid surge in sponge and scouring pads market is credited to the rising consumer base and increasing per capita income in developed as well as underdeveloped economies across the globe. Increasing number of distribution online and offline channels coupled with aggressive marketing strategies adopted by industry participants are expected to foster the growth of sponge and scouring pads industry over the forecast period. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of the sponge and scouring pads market.
Increasing demand for non-scratch scrubbing pads and sponges is credited to rise in number of domestic application involving cleaning non-stick cookware and utensils. The non-scratch scrubbing pads and sponges are capable of removing abrasive materials in one or two washes, leaving glass surface, cookware and fragile crockery items clean and without strains. The non-scratch scrubbing pads and sponges are also used for cleaning a microwave oven, tiles, sinks, and showers. In addition, growing use of sponge and scouring pads in the service management sector and food service sector is expected to favor market growth over the forecast period. The sponge and scouring pads are also used for cleaning glass windowpanes and glass walls.
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Availability of range of products in market is one of the key trends that is significantly contributing to industry growth, in the past few years. Different types of sponge and scouring pads include multi-use scrub sponges, heavy-duty scrub sponge, microfiber magic sponge and ultra-microfiber miracle sponge.
The sponge and scouring pads market is broadly categorized into two major segments based on the application type such as residential sector and non-residential sector. Residential segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of sponge and scouring pads in residential segment is attributed to the rise in number of concerns related to personal health hygiene. The non-residential segment has also witnessed substantial growth owing to the increasing demand from food service sector.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due to the rapid growth in food service sector and rising number of restaurants, hotels and food joints.
Asia-Pacific region is estimated to hold major share in the sponge and scouring pads industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising per capita income, improved living standards, growing concerns related to health hygiene among general population, and significant investment by leading industry players considering potential growth opportunities in the region.
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The key players in the sponge and scouring pads market are The 3M Company, Arix BIscience plc, Armaly Brands LLC, Procter & Gamble Corp., The Clorox Company, Vileda, Inc., and Brabantia Co.
The key points of this report are:
To study and analyze the global Sponge and Scouring Pads market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Sponge and Scouring Pads market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Sponge and Scouring Pads manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Sponge and Scouring Pads with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Sponge and Scouring Pads submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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